Norwest Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Norwest Equity Partners has acquired 4 companies. It has also invested in 2 others.

Norwest Equity Partners’ most common sectors for investment areconsumer products (18%) and information technology (9%) . The Firm’s most common investment types include secondary buyout (37%) and buyout (lbo, mbo, mbi) (25%). In total, Norwest Equity Partners has invested in 26 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2010 when it acquired Univar Solutions for $4.2B.

In the last 3 years, Norwest Equity Partners has exited 8 companies. The Firm’s most common exit type is secondary buyout (46%). Norwest Equity Partners’ largest (disclosed) exit occurred in 2012 when it sold Becker Underwood for $1.2B.

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M&A Summary

M&A Total Activity120
- M&A Buy Activity70
- M&A Sell Activity50
Total Sectors Invested 32
Total Countries Invested 4
M&A Buy/Sell Connections 42
M&A Advisors 13

Norwest Equity Partners

Norwest Capital Group, LP

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	10	-
Investment Size	50	250
Enterprise Value	50	500
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

250

Enterprise Value

500

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (1.4/yr)	#	63	2	3	1	1	-	70
vol	$7.3B						$7.3B
Sell (1.8/yr)	#	41	1	4	2	2	-	50
vol	$4.8B						$4.8B
	120

Year

≤ '19

'20

'21

'22

'23

'24

Buy (1.4/yr)

vol

$7.3B

Sell (1.8/yr)

vol

$4.8B

120

Company	Date	Value	Type
Nationwide Organ Recovery Transport Alliance	2023-08-31	-	Growth Capital
St Charles, Illinois · www.noratrans.com
Bix Produce Co.	2023-06-26	-	Trade Sale
Little Canada, Minnesota · www.bixproduce.com
eyebobs LLC	2023-04-12	-	Trade Sale
Minneapolis, Minnesota · www.eyebobs.com
Pure Archery Group	2022-07-11	-	Secondary Sale
Eugene, Oregon · www.purearcherygroup.com
QTI Fibers	2022-07-01	-	Secondary Buyout
Dothan, Alabama · www.twitchellcorp.com
West Star Aviation LLC	2022-03-02	-	Secondary Sale
East Alton, Illinois · www.weststaraviation.com
Thibaut, Inc.	2021-11-10	-	Secondary Buyout
Union, New Jersey · www.thibautdesign.com
Coretelligent LLC	2021-10-25	-	Secondary Buyout
Westwood, Massachusetts · www.coretelligent.com
Pentec Health, Inc.	2021-10-11	-	Secondary Sale
Glen Mills, Pennsylvania · www.pentechealth.com
Focal Point Data Risk LLC	2021-08-02	-	Trade Sale
Tampa, Florida · www.focal-point.com
View All >>

Company

Date

Value

Type

Nationwide Organ Recovery Transport Alliance

2023-08-31

Growth Capital

St Charles, Illinois · www.noratrans.com

Bix Produce Co.

2023-06-26

Trade Sale

Little Canada, Minnesota · www.bixproduce.com

eyebobs LLC

2023-04-12

Trade Sale

Minneapolis, Minnesota · www.eyebobs.com

Pure Archery Group

2022-07-11

Secondary Sale

Eugene, Oregon · www.purearcherygroup.com

QTI Fibers

2022-07-01

Secondary Buyout

Dothan, Alabama · www.twitchellcorp.com

West Star Aviation LLC

2022-03-02

Secondary Sale

East Alton, Illinois · www.weststaraviation.com

Thibaut, Inc.

2021-11-10

Secondary Buyout

Union, New Jersey · www.thibautdesign.com

Coretelligent LLC

2021-10-25

Secondary Buyout

Westwood, Massachusetts · www.coretelligent.com

Pentec Health, Inc.

2021-10-11

Secondary Sale

Glen Mills, Pennsylvania · www.pentechealth.com

Focal Point Data Risk LLC

2021-08-02

Trade Sale

Tampa, Florida · www.focal-point.com

View All >>

Sector	Current #	Value	All-time #	Value
Consumer Products	4 (17%)	-	13 (18%)	-
Information Technology	3 (13%)	-	6 (8%)	-
Distribution	-	-	4 (5%)	4.2B (57%)
Software	1 (4%)	-	4 (5%)	500M (7%)
Food	2 (9%)	-	4 (5%)	-
Retail	1 (4%)	-	4 (5%)	-
Chemicals	1 (4%)	-	3 (4%)	200M (3%)
Consumer Services	2 (9%)	-	3 (4%)	-
Manufacturing	1 (4%)	-	3 (4%)	-
Engineering	1 (4%)	-	2 (3%)	2.4B (32%)
Communications	-	-	2 (3%)	-
Financial Services	1 (4%)	-	2 (3%)	-
Insurance	1 (4%)	-	2 (3%)	-
Internet Software and Services	1 (4%)	-	2 (3%)	-
Plastics	-	-	2 (3%)	-
Media	-	-	1 (1%)	80M (1%)
Aerospace	-	-	1 (1%)	-
Apparel/Textiles	1 (4%)	-	1 (1%)	-
Automotive	-	-	1 (1%)	-
Building Materials	-	-	1 (1%)	-
Business Services	-	-	1 (1%)	-
Defense	-	-	1 (1%)	-
Education	1 (4%)	-	1 (1%)	-
Electrical Equipment	-	-	1 (1%)	-
Environmental	-	-	1 (1%)	-
Furniture	1 (4%)	-	1 (1%)	-
Healthcare Services	-	-	1 (1%)	-
Information Services	-	-	1 (1%)	-
Machinery	-	-	1 (1%)	-
Renewable Energy	-	-	1 (1%)	-
Test/Measurement Equipment	-	-	1 (1%)	-
Transportation	1 (4%)	-	1 (1%)	-
Total	23	-	73	$7.3B

Sector

Current #

Value

All-time #

Value

Consumer Products

4 (17%)

13 (18%)

Information Technology

3 (13%)

6 (8%)

Distribution

4 (5%)

4.2B (57%)

Software

1 (4%)

4 (5%)

500M (7%)

Food

2 (9%)

4 (5%)

Retail

1 (4%)

4 (5%)

Chemicals

1 (4%)

3 (4%)

200M (3%)

Consumer Services

2 (9%)

3 (4%)

Manufacturing

1 (4%)

3 (4%)

Engineering

1 (4%)

2 (3%)

2.4B (32%)

Communications

2 (3%)

Financial Services

1 (4%)

2 (3%)

Insurance

1 (4%)

2 (3%)

Internet Software and Services

1 (4%)

2 (3%)

Plastics

2 (3%)

Media

1 (1%)

80M (1%)

Aerospace

1 (1%)

Apparel/Textiles

1 (4%)

1 (1%)

Automotive

1 (1%)

Building Materials

1 (1%)

Business Services

1 (1%)

Defense

1 (1%)

Education

1 (4%)

1 (1%)

Electrical Equipment

1 (1%)

Environmental

1 (1%)

Furniture

1 (4%)

1 (1%)

Healthcare Services

1 (1%)

Information Services

1 (1%)

Machinery

1 (1%)

Renewable Energy

1 (1%)

Test/Measurement Equipment

1 (1%)

Transportation

1 (4%)

1 (1%)

Total

$7.3B

State/Country	Current #	Value	All-time #	Value
United States	21 (91%)	-	70 (96%)	5.0B (68%)
	Minnesota	3 (13%)	-	14 (19%)	-
	Illinois	3 (13%)	-	7 (10%)	4.2B (57%)
	California	-	-	7 (10%)	580M (8%)
	Georgia	3 (13%)	-	6 (8%)	-
	New York	2 (9%)	-	4 (5%)	-
	Wisconsin	-	-	4 (5%)	-
	Texas	2 (9%)	-	2 (3%)	-
	New Jersey	1 (4%)	-	2 (3%)	-
	Massachusetts	1 (4%)	-	2 (3%)	-
	Iowa	-	-	2 (3%)	200M (3%)
	Florida	-	-	2 (3%)	-
	Oregon	-	-	2 (3%)	-
	Kentucky	-	-	2 (3%)	-
	Kansas	-	-	2 (3%)	-
	Connecticut	1 (4%)	-	1 (1%)	-
	Alabama	1 (4%)	-	1 (1%)	-
	Utah	1 (4%)	-	1 (1%)	-
	Tennessee	1 (4%)	-	1 (1%)	-
	Oklahoma	1 (4%)	-	1 (1%)	-
	Missouri	1 (4%)	-	1 (1%)	-
	Colorado	-	-	1 (1%)	-
	Virginia	-	-	1 (1%)	-
	South Dakota	-	-	1 (1%)	-
	Pennsylvania	-	-	1 (1%)	-
	North Carolina	-	-	1 (1%)	-
	Maryland	-	-	1 (1%)	-
Canada	1 (4%)	-	1 (1%)	-
	Ontario	1 (4%)	-	1 (1%)	-
India	1 (4%)	-	1 (1%)	-
France	-	-	1 (1%)	2.4B (32%)
Domestic	21 (91%)	-	70 (96%)	5.0B (68%)
Cross-border	2 (9%)	-	3 (4%)	2.4B (32%)
Total	23	-	73	$7.3B

State/Country

Current #

Value

All-time #

Value

United States

21 (91%)

70 (96%)

5.0B (68%)

Minnesota

3 (13%)

14 (19%)

Illinois

3 (13%)

7 (10%)

4.2B (57%)

California

7 (10%)

580M (8%)

Georgia

3 (13%)

6 (8%)

New York

2 (9%)

4 (5%)

Wisconsin

4 (5%)

Texas

2 (9%)

2 (3%)

New Jersey

1 (4%)

2 (3%)

Massachusetts

1 (4%)

2 (3%)

Iowa

2 (3%)

200M (3%)

Florida

2 (3%)

Oregon

2 (3%)

Kentucky

2 (3%)

Kansas

2 (3%)

Connecticut

1 (4%)

1 (1%)

Alabama

1 (4%)

1 (1%)

Utah

1 (4%)

1 (1%)

Tennessee

1 (4%)

1 (1%)

Oklahoma

1 (4%)

1 (1%)

Missouri

1 (4%)

1 (1%)

Colorado

1 (1%)

Virginia

1 (1%)

South Dakota

1 (1%)

Pennsylvania

1 (1%)

North Carolina

1 (1%)

Maryland

1 (1%)

Canada

1 (4%)

1 (1%)

Ontario

1 (4%)

1 (1%)

India

1 (4%)

1 (1%)

France

1 (1%)

2.4B (32%)

Domestic

21 (91%)

70 (96%)

5.0B (68%)

Cross-border

2 (9%)

3 (4%)

2.4B (32%)

Total

$7.3B

Type	Current #	Value	All-time #	Value
Secondary Buyout	11 (48%)	-	27 (37%)	7.3B (99%)
Buyout (LBO, MBO, MBI)	2 (9%)	-	18 (25%)	-
Growth Capital	7 (30%)	-	16 (22%)	-
Recapitalization	1 (4%)	-	4 (5%)	-
Divestiture	-	-	3 (4%)	-
Stake Purchase	-	-	2 (3%)	80M (1%)
Consolidation	-	-	1 (1%)	-
PIPE	1 (4%)	-	1 (1%)	-
Venture	1 (4%)	-	1 (1%)	-
Total	23	-	73	$7.3B

Type

Current #

Value

All-time #

Value

Secondary Buyout

11 (48%)

27 (37%)

7.3B (99%)

Buyout (LBO, MBO, MBI)

2 (9%)

18 (25%)

Growth Capital

7 (30%)

16 (22%)

Recapitalization

1 (4%)

4 (5%)

Divestiture

3 (4%)

Stake Purchase

2 (3%)

80M (1%)

Consolidation

1 (1%)

PIPE

1 (4%)

1 (1%)

Venture

1 (4%)

1 (1%)

Total

$7.3B

Type	Total #	Value
Secondary Sale	23 (46%)	1.6B (33%)
Trade Sale - Public Company	12 (24%)	3.0B (63%)
Trade Sale	7 (14%)	216M (4%)
IPO	5 (10%)	-
Merger	1 (2%)	-
Sold to Management	1 (2%)	-
Unknown	1 (2%)	-
Total	50	$4.8B

Type

Total #

Value

Secondary Sale

23 (46%)

1.6B (33%)

Trade Sale - Public Company

12 (24%)

3.0B (63%)

Trade Sale

7 (14%)

216M (4%)

IPO

5 (10%)

Merger

1 (2%)

Sold to Management

1 (2%)

Unknown

1 (2%)

Total

$4.8B

Financial	Deals
Houlihan Lokey	4
BlackArch	1
Jefferies	1

Financial

Deals

Houlihan Lokey

BlackArch

Jefferies

Legal	Deals
Winston & Strawn	7
Skadden, Arps, Slate, Meagher & Flom	5
Lindquist & Vennum LLP	4

Legal

Deals

Winston & Strawn

Skadden, Arps, Slate, Meagher & Flom

Lindquist & Vennum LLP

buy	#	Total
> $1B	2	$6.6B
$100M to $1B	2	$700M
< $100M	1	$80M
TOTAL	$7.3B
Largest	Univar Solutions, Inc. $4.2B (2010-11-30)

buy

Total

> $1B

$6.6B

$100M to $1B

$700M

< $100M

$80M

TOTAL

$7.3B

Largest

Univar Solutions, Inc.
$4.2B (2010-11-30)

sell	#	Total
> $1B	2	$2.3B
$100M to $1B	10	$2.5B
< $100M	1	$24M
TOTAL	$4.8B
Largest	Becker Underwood, Inc. $1.2B (2012-11-28)

sell

Total

> $1B

$2.3B

$100M to $1B

$2.5B

< $100M

$24M

TOTAL

$4.8B

Largest

Becker Underwood, Inc.
$1.2B (2012-11-28)

		Deals
Acquired from
Investor(s)	38%	28 (38%)
Strategic(s)	3%	2 (3%)
Exited to
Investor(s)	46%	23 (46%)
Strategic(s)	40%	20 (40%)

Deals

Acquired from

Investor(s)

28 (38%)

Strategic(s)

2 (3%)

Exited to

Investor(s)

23 (46%)

Strategic(s)

20 (40%)

FAQ

When was Norwest Equity Partners founded?

Norwest Equity Partners was founded in 1961.

What type of investor is Norwest Equity Partners?

Norwest Equity Partners is a private equity firm.

Where is Norwest Equity Partners headquartered?

Norwest Equity Partners is headquartered in Minneapolis, Minnesota.

How much capital does Norwest Equity Partners have under management?

Norwest Equity Partners has 7.0B USD under management.

Norwest Equity Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary